South Indian Bank up nearly 10% on RBI nod to appoint new CEO

South Indian Bank

18/08/2023 05:11

** Shares of South Indian Bank  SIBK.NS  rise as much as
9.95% to 23.2 rupees, biggest pct gain since July 12
    ** Lender on Thursday received RBI approval for the
appointment of P R Seshadri as its managing director and CEO for
three years 
    ** More than 57.9 mln shares traded by 09:30 a.m. IST, 1.1x
the 30-day avg
    ** SIBK trading above its 50-, 100- and 200-day simple
moving averages, indicating bullish sentiment
    ** Stock up 12.3% YTD up to last close


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))